Mobile system and method for payments and non-financial transactions

a mobile system and non-financial technology, applied in the field of mobile systems and methods for payments and non-financial transactions, can solve problems such as increased risk of nfc solutions, and achieve the effect of low cost and convenient availability
US8635157B2Inactive Publication Date: 2014-01-21PAYME
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Patent Information

Authority / Receiving Office
US · United States
Patent Type
Patents(United States)
Current Assignee / Owner
PAYME
Publication Date
2014-01-21
Estimated Expiration
Not applicable · inactive patent

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Abstract

A method and system for mobile commerce, communication, and transaction processing to real-world POS, web, e-commerce, virtual terminal, mobile personal digital assistant, mobile phone, mobile device, or other computer based transactions involving either one or both financial and non-financial such as loyalty based transactions as a mobile payment system is described. One embodiment comprises using a mobile phone via a consumer mobile software application (CMA) in lieu of a consumer card (examples include physical, virtual, or chips) to conduct payment transactions in the Real or Virtual World of commerce. An embodiment is related to making payments to real-world stores via having the CMA on a mobile device on behalf of the consumer present to conduct transactions and no physical card required.
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Description

CROSS-REFERENCE TO RELATED APPLICATIONS

[0001] This application claims priority to U.S. Provisional Application No. 61 / 399,793, filed on. Jul. 19, 2010 and to U.S. Provisional Application No. 61 / 344,563, filed on Aug. 23, 2010, which are incorporated herein by reference in their entireties.TECHNICAL FIELD

[0002] The present invention relates generally to mobile systems and methods for payments and non-financial transactions.DESCRIPTION OF THE RELATED ART

[0003] An emerging technology in the industry of payment processing is mobile payments. Mobile payments addresses many needs including offering greater convenience to consumers through eliminating the use of plastic cards, stickers, or key tags that use magnetic-striped, radio frequency identification (RFID), barcodes, blue tooth, or chips to store and transmit payment account data to authorize and conduct payment transactions at point of sale terminals. Current mobile payment solutions might include the use of near-field communication (N...

Claims

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